Idaho Farm Bureau's Podcast

Weekend market report: Milk production up, prices drop

May 21, 2020 Idaho Farm Bureau
Idaho Farm Bureau's Podcast
Weekend market report: Milk production up, prices drop
Chapters
Idaho Farm Bureau's Podcast
Weekend market report: Milk production up, prices drop
May 21, 2020
Idaho Farm Bureau

It’s A cloudy 40 degrees this morning in Boise and the Treasure Valley. It's also cold in Poky and IF lows in the mid-40s!  Northern Idaho, morning lows in the 40s….another farming day. Look for afternoon temps in the 50’s and 60s. Chance of more rain. This rain has helped the range but has slowed farming.

On the markets, Corn trading a full cent higher this morning. Jul 20 corn futures trading right now at $3.17, down a cent.

The winter wheat markets open higher this morning, with SRW up the most. Chicago wheat gained 4 cents, HRW wheat was 2 cents stronger. Spring wheat futures were down by 1 to 3 cents on Thursday. Jul 20 CBOT Wheat opens at $5.16, up 2 and quarter cents.

Milk again struggling after a good week is $12.54 per hundredweight,  down a full dollar from last Friday.

Live cattle futures open up 40 cents higher this morning. The deferred contracts rebounded from midday lows yesterday. May feeders open at $126.02, the other front months are down up to 37 cents. The Feeder Cattle Index from CME is 19 cents lower on convergence, at $126.60. USDA reported cash sales from Thursday were $115-$120, with the bulk $115-$117. 

And this just in from the USDA, U.S. milk output is rising and may continue rising into next year. Gary Crawford reports:

That's it for the weekend market report…You can check out the market prices on the Idaho Farm Bureau web page… for the voice of Idaho Agriculture, I'm Jake Putnam



Show Notes

It’s A cloudy 40 degrees this morning in Boise and the Treasure Valley. It's also cold in Poky and IF lows in the mid-40s!  Northern Idaho, morning lows in the 40s….another farming day. Look for afternoon temps in the 50’s and 60s. Chance of more rain. This rain has helped the range but has slowed farming.

On the markets, Corn trading a full cent higher this morning. Jul 20 corn futures trading right now at $3.17, down a cent.

The winter wheat markets open higher this morning, with SRW up the most. Chicago wheat gained 4 cents, HRW wheat was 2 cents stronger. Spring wheat futures were down by 1 to 3 cents on Thursday. Jul 20 CBOT Wheat opens at $5.16, up 2 and quarter cents.

Milk again struggling after a good week is $12.54 per hundredweight,  down a full dollar from last Friday.

Live cattle futures open up 40 cents higher this morning. The deferred contracts rebounded from midday lows yesterday. May feeders open at $126.02, the other front months are down up to 37 cents. The Feeder Cattle Index from CME is 19 cents lower on convergence, at $126.60. USDA reported cash sales from Thursday were $115-$120, with the bulk $115-$117. 

And this just in from the USDA, U.S. milk output is rising and may continue rising into next year. Gary Crawford reports:

That's it for the weekend market report…You can check out the market prices on the Idaho Farm Bureau web page… for the voice of Idaho Agriculture, I'm Jake Putnam